Brokerages Expect Ashford Hospitality Trust, Inc. (AHT) Will Announce Earnings of $0.17 Per Share

Wall Street analysts expect that Ashford Hospitality Trust, Inc. (NYSE:AHT) will post $0.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.14. Ashford Hospitality Trust reported earnings per share of $0.24 during the same quarter last year, which would suggest a negative year-over-year growth rate of 29.2%. The company is expected to announce its next earnings report after the market closes on Thursday, February 28th.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.19. For the next fiscal year, analysts anticipate that the business will post earnings of $1.15 per share, with EPS estimates ranging from $1.04 to $1.23. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.65). Ashford Hospitality Trust had a negative net margin of 7.15% and a negative return on equity of 18.33%. The business had revenue of $355.93 million during the quarter, compared to analysts’ expectations of $359.93 million.

A number of brokerages have commented on AHT. Robert W. Baird reduced their price objective on Ashford Hospitality Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 12th. B. Riley reaffirmed a “buy” rating and set a $8.00 target price on shares of Ashford Hospitality Trust in a report on Monday, November 5th. ValuEngine raised Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a report on Monday, September 24th. Zacks Investment Research lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Finally, Deutsche Bank set a $8.00 target price on Ashford Hospitality Trust and gave the stock a “buy” rating in a research report on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.75.

AHT stock traded up $0.06 during trading on Thursday, reaching $4.73. 285,072 shares of the stock traded hands, compared to its average volume of 814,541. Ashford Hospitality Trust has a 52-week low of $3.85 and a 52-week high of $8.66. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 7.79. The company has a market cap of $468.82 million, a PE ratio of 3.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date of this dividend was Friday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is 35.04%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Ashford Hospitality Trust in the 4th quarter valued at $48,000. Glacier Peak Capital LLC bought a new stake in Ashford Hospitality Trust in the 3rd quarter valued at about $141,000. Nissay Asset Management Corp Japan ADV boosted its holdings in Ashford Hospitality Trust by 89.8% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 10,491 shares during the period. State of Alaska Department of Revenue bought a new stake in Ashford Hospitality Trust in the 3rd quarter valued at about $173,000. Finally, Paloma Partners Management Co bought a new position in Ashford Hospitality Trust in the 3rd quarter valued at approximately $185,000. 73.48% of the stock is owned by institutional investors.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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